02.06.2024
Cyprus fintech company Ask Wire compiled and published data on the 10 most expensive real estate transactions completed in April 2024, detailing the total sales value for each of the five counties.
The ten most expensive property sales in Cyprus totaled €16.2 million, with the most expensive deal being a house in Kouklia in Paphos, valued at €3 million. Limassol saw six of these top ten transactions, Paphos three and Nicosia one. The total value of transactions in Limassol was €10.3 million, in Paphos €4.9 million and in Nicosia €1 million.
The ten most expensive real estate sales in April 2024
| Property type | Selling price | District/Municipality – Community |
| House | 3 million euros | Paphos / Kouklia |
| House | 2.6 million euros | Limassol / Pano Platres |
| Field | 2.1 million euros | Limassol / Agios Ambrosios |
| Apartment | 1.73 million euros | Limassol / Mouttagiaka |
| House | 1.5 million euros | Limassol / Mouttagiaka |
| Earth | 1.4 million euros | Limassol / Agios Municipality Athanasios |
| Earth | 1 million euros | Nicosia / Strovolos Municipality / Varnavas and Agios Districts Makarios |
| House | €950 thousand | Paphos / Kissonerga |
| Field | €950 thousand | Paphos / Kissonerga |
| Apartment | €930 thousand | Limassol / Agia Zoni |
In April, the total value of the 50 largest transactions (ten per region) amounted to 35.6 million euros. Of this total, 37.1% came from 10 properties in the Limassol area , and 27.5% came from 10 properties in the Paphos area. The 10 most expensive properties in the province of Nicosia were sold for €5.5 million, in Larnaca for €4.1 million, and in the free province of Famagusta for €3 million.
Total value of the 10 most expensive sales by area
| Area | Total transaction value | Percentage of the country’s total |
| Famagusta | 3 million euros | 8.4% |
| Larnaca | 4.1 million euros | 11.5% |
| Limassol | 13.2 million euros | 37.1% |
| Nicosia | 5.5 million euros | 15.4% |
| Pathos | 9.8 million euros | 27.5% |
| All Cyprus | 35.6 million euros | |
The most expensive sale in the area
| Area | More expensive transaction | Type of more expensive property | Percentage of the entire area |
| Famagusta | 688 thousand euros | House | 22.9% |
| Larnaca | 590 thousand euros | Apartment | 14.4% |
| Limassol | 2.6 million euros | House | 19.7% |
| Nicosia | 1 million euros | Earth | 18.3% |
| Pathos | 3 million euros | House | 30.6% |
Pavlos Loizou , CEO of Ask Wire , highlighted the predominance of residential real estate in the luxury real estate market. “If we look at the 10 most expensive transactions throughout Cyprus in April, we see that 6 of them are residential real estate – 4 houses and 2 apartments. In addition, the most expensive transactions in each area, with the exception of Nicosia, are also concluded for the sale of residential properties,” explained Loizou . “This trend is even more pronounced among the 50 most expensive transactions – 10 per area – of which 38 are residential properties,” he added. “In particular, 29 houses were sold for a total of €19.1 million, and 10 apartments were sold for €6.1 million. Overall, Limassol continues to lead in sales of expensive real estate,” concluded Loizou .
